Hector Sants has been on sick leave since the beginning of October, suffering from stress and exhaustion. He has concluded that he will not be able to return to work in the near term. Consequently he has decided to resign from Barclays and not return from sick leave.
Shaygan Kheradpir, Chief Operations and Technology Officer, is leaving Barclays to take on a role as CEO for a company based in the United States.
An internal and external search will be launched for both posts. In the meantime Allen Meyer, Head of Compliance, Corporate and Investment Banking will act as Interim Head of Compliance and Government and Regulatory Relations. Darryl West, Barclays’ Chief Information Officer, will act as Interim Group Chief Operations and Technology Officer. In these posts both will join the Executive Committee and report to Group Chief Executive, Antony Jenkins.